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Ontario and Toronto land transfer tax and closing costs
Ontario and Toronto land transfer tax, first-time buyer rebates, and your total cash to close.
$18,475
- Ontario land transfer tax$18,475
- Down payment$220,000
- Land transfer tax (net)$18,475
- Other closing costs$3,900
Total cash to close$242,375
- The 2.5% rate over $2,000,000 applies to land with one or two single-family residences.
- First-time buyer refund up to $4,000 (eligibility rules apply).
- Rates effective: Ontario since 2017-01-01; Toronto since 2026-04-01. Estimates only, so confirm with your lawyer.